Metallurgy news

• Nippon Steel assesses the impact of new sales tax on demand Japan's largest steelmaker, Nippon Steel & Sumitomo Metal Corp, foresees only short-term impact on demand, not long-term damage from the sales tax imposed in April by the Japanese government as a stimulus, as its new president, Kosei Shindo, withered. Kosei Shindou is currently executive vice... 17.03.2014  09:00

• Cheap imports of hot rolled flat steel from China replace plates from Europe Slab sales in Europe have suffered recently due to aggressive offers of hot-rolled plates from China. Some of the Italian flat products manufacturers have already stopped buying plates in Europe and are buying HRP from China as the price is almost the same. Slabs can now be purchased for around... 16.03.2014  18:54

• Steel prices in China fall for the second week in a row The world's largest steel market in China fell all last week amid uncertain prospects, weak commodity prices, high inventories and overproduction of steel products . On March 14, 2014, hot rolled coils with a thickness of 4.5-12 mm were sold in Shanghai for 3.330-3.350 yuan ($ 543-546) per ton.... 16.03.2014  16:34

• ArcelorMittal to invest $ 15 million in specialty steels in Brazil ArcelorMittal is investing $ 15 million in its Brazilian facility next year to establish a production of special high-strength steels for the automotive industry. ArcelorMittal's advanced high-strength steel production will be based on its flat mill at its Vega do Sul facility in Santa Catarina... 15.03.2014  09:18

• Rising copper prices According to analysts at UBS, the largest financial conglomerate, after the copper price plunged to a 4-year low, it can finally find support. Modern copper metallurgy depends on many factors, including market relations with China. The fall in prices, as you know, was caused by fears of a... 15.03.2014  07:56

• Rinat Akhmetov's statement Dear fellow countrymen! A tragedy happened in our city yesterday. People of different political views could not contain the aggression. As a result, dozens of victims, a young man, Dmitry Chernyavsky, died. My deepest condolences to his family and friends. No policy justifies the sacrifice. And... 14.03.2014  14:34

• Falling steel and pipe prices in China cross three-month milestone Domestic steel prices in China for all products have been dropping on a daily basis for almost 90 days since mid-December 2013. The fall in prices during this period varied for different elements, but the rebar suffered the most. Although rebar prices in Shanghai have fallen from 15 December... 14.03.2014  11:42

• Ukraine crisis raises concerns over energy supplies and higher energy prices in Europe - EUROFER 64 heads of the European metals industry sent an open letter to the heads of state and government a week before their spring meeting in Brussels. Heads of state and government were called upon to restore the balance between energy supply and political ambition in order to maintain the... 14.03.2014  10:36

• Siemens commissions a rolling mill for Evraz in Kazakhstan A new long-awaited rolling mill from Siemens Metals Technologies has been commissioned for Kazakh steel producer Evraz Caspian Steel LLC. The rolling mill is part of the new production facility of Evraz-Group in the city of Kostanay. It is designed to produce 450 thousand tons of reinforcing steel... 14.03.2014  10:01

• Ukraine has begun to harmonize European standards for the design of metal structures On March 11, 2014, a meeting of the Committee for regulatory and technical activities of the Ukrainian Center for Steel Construction (USSS) was held, during which experts of the steel construction industry discussed projects of the new version of the DBN for the design of metal structures, as well... 13.03.2014  12:04